Is there something I’m missing with these ‘amberjack’ tests? Just got 4,6,6,6, but the highest for verbal reasoning and maths. It just seems like completely arbitrary what they’re looking for, and I’m completely losing motivation.
I'm in their webinar now. You don't need to provide grade breakdowns.Guys can anyone confirm if we need to put every grade individually in the Gowling WLG application? It’s not clear to me.
At first glance, I would pick something with core skills required for lawyers (and also the ones that Skadden looks for)!Hi, I have a question. How should I answer Skadden’s prompt: “If you could choose a career other than law, what would you choose?” Do I need to pick something that links back to “why law” or “why the firm,” or can it just be any example?
Last year I wrote that I wanted to be a stand-up comedian because that was my genuine answer, but I didn’t even pass to the WE stage. I’m guessing GR rejected it straight away.😅
Yup! They've started to conduct phone interviews. The next stage will be the AC.Has anyone heard back from dla since receiving the email confirming you passed the WG (especially if your score was very high)?
Hi, when did you receive an email confirming you passed WG? Thanks!Yup! They've started to conduct phone interviews. The next stage will be the AC.
Hi @CharlesT47 for the first question, I would agree with you that the rise private credit has a somewhat negative impact on the banks' leverage; but I would argue it is not substantial enough to outweigh the aforementioned factors leading to an increase in bargaining power. While private credit has seen immense recent growth, the value of the market stands around an estimated $2-3 trillion; while the public credit market stands around $140 trillion - which is to say, we are quite a while away from private credit replacing the central role of public debt. Moreover, private credit also borrows a significant sums from banks to then be able to service PE clients, which means part of private credit PE financing can be ultimately traced back to public debt again.Hi @Andrei Radu , thanks for your response. I've been thinking about what you said here. I just have two questions.
First, does the private credit boom not diminish the bargaining position of lenders somewhat? In the sense that if sponsors are unhappy with the terms of the bank loan, they could equally approach private credit funds who can often offer substantial funding as well. This is despite the fact that the interest rates are higher.
Second, I've been trying to find more information on 'sponsor-designated' law firms. I can't seem to find many updated articles (Most are from a few years ago) However, my understanding is that the PE sponsor is the one who decides who represents the bank. This has been criticised for the inherent conflict of interest, as PE sponsors will pick firms that are friendly to their terms. Does this practice still occur to this day? If so, does this not show that lender-sided firms don't actually have that much bargaining power? If they were to push back hard, the PE sponsor would choose a different firm next time around.
This comes with the caveat that Davis Polk does not engage in any of this kind of work. They only do big-ticket M&A and it would be detrimental to their brand if they were to cave to pressure immediately. Which firms tend to be these sponsor-designated law firms?
Edit: Actually, I've just looked at their legal 500 page and the description of partner Luke McDougall is that he is often the designated lender counsel. I am very confused then. Is my analysis about the inherent conflict of interest then incorrect? Or am I missing something here.
If anyone could explain I would appreciate this.
Hey!"Please tell us something that not many people know about you.
Could someone provide an insight into how one should answer this question?
Hello!Hi, I have a question. How should I answer Skadden’s prompt: “If you could choose a career other than law, what would you choose?” Do I need to pick something that links back to “why law” or “why the firm,” or can it just be any example?
Last year I wrote that I wanted to be a stand-up comedian because that was my genuine answer, but I didn’t even pass to the WE stage. I’m guessing GR rejected it straight away.😅
I had the same issue last year and I even used a profession that has skills similar to solicitor and still didn’t get through.At first glance, I would pick something with core skills required for lawyers (and also the ones that Skadden looks for)!
Omg I’m just about to send off my application to gowling, I didn’t know they made use of artic shores test, I thought it was amberjack 😩 how was it?What was that Arctic Shore test... Have never done anything more pointless before
P.S. it's for Gowling
Maybe you didn't get through because of something elseI had the same issue last year and I even used a profession that has skills similar to solicitor and still didn’t get through.
It was weird, and the test report basically humiliated me on my ability to recognise patterns looool. I don't think you can prepare for it, so just go for itOmg I’m just about to send off my application to gowling, I didn’t know they made use of artic shores test, I thought it was amberjack 😩 how was it?